Why is Gravita India falling/rising?

As of 07-Jul, Gravita India Ltd is experiencing a decline in its stock price, currently at Rs 1,835.30, which reflects a decrease of Rs 20.75 or 1.12%. The stock has underperformed in the short term, with a 1-week return of -2.42% compared to a slight decline of -0.20% in the Sensex. Today's performance indicates that the stock touched an intraday low of Rs 1,818, showing a drop of 2.05%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 33.83% against the 5-day average. Despite these challenges, the company has demonstrated strong management efficiency and a healthy long-term growth trajectory, with a high return on capital employed (ROCE) of 20.88% and a low debt-to-EBITDA ratio of 1.36 times.
In the broader market context, while Gravita India has faced short-term setbacks, it has shown resilience over the longer term, generating a remarkable 29.33% return over the past year and an impressive 625.99% return over the last three years. However, the stock's recent performance contrasts with the benchmark, which has gained 6.79% year-to-date. This divergence highlights the stock's struggles in the current market environment, despite its positive financial results and consistent returns over the past three years. The overall market sentiment may be affecting investor confidence, contributing to the stock's current downward movement.